Air Canada and WestJet will continue to face the biggest threats from each other rather than planned ULCC operators eyeing shares of the Canadian market dominated by the two carriers, Fitch Ratings said. “Although it is too early to predict the magnitude of any impact that ULCCs may have on [Air Canada], Fitch is not overly concerned at this time,” the ratings agency said in recent ratings-outlook commentary. “Fitch believes that Air Canada has an effective means to ...

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